Where will the Bumiputera property levy funds be allocated?

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Bumiputera Property Levy Funds to Support Housing Projects in Melaka

The Bumiputera property levy funds collected in Melaka will be allocated for the development of Bumiputera housing projects within the state. These collected funds are specifically earmarked to facilitate the construction of more affordable homes for the Bumiputera community in the future.
Funding for Bumiputera Housing Development

The state government of Melaka has confirmed that proceeds from the Bumiputera property levy will be channelled into a dedicated Bumiputera property fund. This fund is designated solely for the purpose of developing housing projects aimed at the Bumiputera population.
No State Government Income Diversion

It has been clarified that the Bumiputera property fund will not be integrated into the general income of the state government. Instead, the collected levies will be exclusively utilised to finance the development of housing initiatives for Bumiputera residents.
Rationale for Increased Levy

The decision to maintain the 15 per cent levy on the purchases of Bumiputera quota properties is linked to the release of these quotas. Previously, when Bumiputera quotas were not released, the imposed levy was lower. However, with the release of these quotas, the levy percentage has been increased to ensure sufficient funds for future affordable housing construction.

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Where will the Bumiputera property levy funds be allocated?

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